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by nohuck13
4598 days ago
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> "ATM, 1 bitcoin is worth ~350 times more than one Federal Reserve Note, making Bitcoin the most valuable currency in the world. The value of the M1 money supply (all the cash) of USD is $2.5 trillion. The value of the BTC money supply in USD is $[handful] billion. Calling BTC more valuable because it happens to be denominated in a large chunk is missing the point. |
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Also, the accumulated transactional value of Bitcoin is increasing. All of the fees and other costs associated with moving money are being lost by banks and other agencies.